Mullen Group (TSE:MTL) Sets New 12-Month High – What’s Next?

Mullen Group Ltd. (TSE:MTL) shares reached a new 52-week high on Wednesday . The stock traded as high as C$17.16 and last traded at C$17.12, with a volume of 69227 shares traded. The stock had previously closed at C$16.82.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MTL. Scotiabank upped their price target on shares of Mullen Group from C$16.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Royal Bank Of Canada increased their price objective on Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. CIBC boosted their target price on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Finally, National Bankshares raised their price objective on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Mullen Group presently has a consensus rating of “Moderate Buy” and an average target price of C$17.95.

Mullen Group Stock Performance

The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. The stock has a 50-day moving average of C$15.98 and a 200 day moving average of C$14.64.

Mullen Group (TSE:MTL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.36 EPS for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The company had revenue of C$561.72 million during the quarter.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.